Tuesday, 7 May 2019

Turmeric Dropped Due To Near Normal Monsoon Forecast

Turmeric trading range for the day is 6332-6536.

Turmeric dropped due to near normal monsoon forecast and higher carryover stocks.

Farmers in Telangana and Andhra Pradesh are holding stocks hoping improvement in prices after the ongoing Lok Sabha elections.

Worries over El Nino conditions have eased and there are indications of another year of robust monsoon rain.

In Nizamabad, a major spot market in AP, the price ended at 6496.15 Rupees gained 9.6 Rupees.

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